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EV Daily | Tesla Model Q Rumors Emerge, Supercharger Prices Drop; BYD, Jaguar, Xiaomi, Toyota Updates

Market BriefTuesday, Dec 10, 2024 7:00 am ET
1min read
【Tesla】

Rumors about a Tesla Model Q, a potential sub-$30,000 electric vehicle, are surfacing in China, despite previous announcements canceling such plans. Reports suggest Tesla's Head of Investor Relations confirmed the Model Q for 2025, though its credibility is questionable. Tesla clarified no immediate plans for vehicles on its unboxed platform other than Cybercab.

Tesla's Supercharger network sees price reductions amid record usage, responding to increasing competition. The network delivered 12 GWh on November 30th, signaling Tesla's push for affordability and enhanced accessibility.

Tesla's Optimus humanoid robot is advancing, with recent videos showing autonomous walking. Elon Musk views Optimus as a multi-trillion-dollar opportunity, anticipating large-scale production.

Tesla's market share fell below 50% for the second consecutive quarter, despite strong Model Y and Model 3 sales and new boosts from the Cybertruck.

【BYD】

BYD plans to release its next-gen Blade EV battery by 2025, promising better range and faster charging at reduced costs. The company aims for a 15% cost reduction for the new Blade battery. BYD's ongoing sales surge may see it outselling Ford and Honda this year.

【Others】

Jaguar's new luxury EV lineup will cost around $200,000, with the Type 00 concept marking a bold design shift. The lineup will include three ultra-luxury electric vehicles, with a new electric GT expected in late 2025.

Xiaomi unveiled its YU7 SUV, a model similar to its SU7 sedan, aiming for a 2025 launch. The YU7 features distinct SUV styling and performance specs and continues Xiaomi's rapid expansion in the EV market.

Rivian's stock rose after receiving an analyst upgrade, signaling potential for significant market capture. Production at its upgraded Normal plant is set to increase, potentially boosting profitability.

Toyota initiated pre-orders for its bZ3X electric SUV in China, designed with a "Cozy Mobile Home" interior. The SUV starts at $13,800, featuring advanced driving systems and significant range options.
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